$MC (+0.48%)
$JPM (-1.88%)
$GS (-3.01%)
$C (-2.48%)
$UNH (-1.54%)
$JNJ (-0.94%)
$DPZ (+1.44%)
$WFC (-1.93%)
$ASML (-4.98%)
$BAC (-2.25%)
$BLK (-2.1%)
$MS (-3.37%)
$STT (-2.14%)
$TSM (-3.38%)
$IBKR (-4.23%)
$SU (-3.37%)

$GS (-3.01%)
$MC (+0.48%)
$BLK (-2.1%)
$JPM (-1.88%)
$JNJ (-0.94%)
$TNIE (+1.18%)
$WFC (-1.93%)
$C (-2.48%)
$KER (+1.89%)
$BAC (-2.25%)
$MS (-3.37%)
$ASML (-4.98%)
$JBHT (+0.3%)
$2330
$JKS (+6.59%)
$PEP (+1.38%)
$PNG (-0.91%)
$NFLX (-0.33%)
$STT (-2.14%)

Let's see what this earnings season has to offer 😁🧐

what do you think? 📉📈

$FAST (-3.45%)
$GS (-3.01%)
$BLK (-2.1%)
$C (-2.48%)
$JPM (-1.88%)
$ASML (-4.98%)
$MS (-3.37%)
$PGR (-0.02%)
$BAC (-2.25%)
$2330
$SCHW (-1.34%)
$ABT (+1.32%)
$PLD (+0.13%)
$PEP (+1.38%)
$NFLX (-0.33%)
$AA (-1.73%)
$TRV (-0.65%)
$BMI (+0.95%)
$ALLY (-3.07%)
$STT (-2.14%)

$JPM (-1.88%)
$BAC (-2.25%)
$WFC (-1.93%)
$C (-2.48%)
$TSM (-3.38%)
$BLK (-2.1%)
$MS (-3.37%)
$GS (-3.01%)
$JBHT (+0.3%)
$STT (-2.14%)

$ERIC A (-0.84%)
$DPZ (+1.44%)
$JNJ (-0.94%)
$JPM (-1.88%)
$WFC (-1.93%)
$BLK (-2.1%)
$GS (-3.01%)
$C (-2.48%)
$MC (+0.48%)
$ASML (-4.98%)
$BAC (-2.25%)
$MS (-3.37%)
$JBHT (+0.3%)
$EQT (+1.14%)
$SRT (-3.82%)
$NESNE
$TSM (-3.38%)
$ABBN (-3.32%)
$UAL (-0.75%)
$TOM (+0%)
$VOLV B (-0.34%)
$AXP (-1.26%)
$SLBG34
$STT (-2.14%)

For all those who cannot immediately classify the name: State Street $STT (-2.14%) is one of the largest asset managers in the world, manages around USD 4 trillion in assets and is the issuer of the well-known SPD ETFs (pronounced SPIDER) - including probably the most famous ETF in the world: SPDR S&P 500 ETF (SPY).

Why buy now?

Dividend: approx. 3.5%, solid distribution history.

Valuation: P/E ratio currently below the industry average - no hype, but substance.

Business model: Earns from fees for the management of ETFs and funds - i.e. they profit from the steady flow of capital into passive investments, regardless of whether there is a bull or bear market.

Stability: Has been on the market for over 200 years, surviving every financial crisis and still standing.

To me, this is an investment in the infrastructure of the financial world - like a toll road operator on Wall Street. The SPDR ETFs keep rolling, and State Street collects the toll. I plan to hold the position long term plus add to ongoing,

and benefit from dividends + price appreciation."

$APO (-2.19%) and $STT (-2.14%) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($US78470P6227 ). The ETF invests at least 80% of its portfolio in investment grade bonds, including public and private credit, and may hold up to 35% in private securities.

• 0.70% management fee

• Apollo provides liquidity through repurchases of private credit, but with daily limits

• The SEC allows up to 35% illiquid investments instead of the usual 15%

https://www.ssga.com/us/en/intermediary/etfs/spdr-ssga-apollo-ig-public-private-credit-etf-priv

The week will be pure entertainment.

Monday:

• Release of the Empire State Manufacturing Index (July)
• Start of the Republican National Convention
• Statements by FED Chair Jerome Powell and San Francisco
  Fed President Mary C. Daly
• Quarterly results from Goldman Sachs ($GS (-3.01%) ), BlackRock ($BLK ) and Servis1st Bancshares ($SFBS )

Tuesday:

• Start of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of retail sales (June), business inventories (May), import/export prices (June) and the real estate market index (July)
• Quarterly results from UnitedHealth ($UNH (-1.54%)), Bank of America ($BAC (-2.25%)), Morgan Stanley ($MS (-3.37%)), Charles Schwab ($SCHW (-1.34%)), PNC Financial ($PNC (-2.87%)), State Street ($STT (-2.14%)) and J.B. Hunt Transport ($JBHT (+0.3%))
• Statements by FED Governor Adriana Kugler

Wednesday:

• End of of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of housing data (June) and industrial production (June)
• Publication of the FED Beige Book
• Quarterly results from Johnson & Johnson ($JNJ (-0.94%)), US Bancorp ($USB (-2.33%)), Kinder Morgan ($KMI (-0.26%)) and Discover Financial Services ($DFS)

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (-3.38%)), Netflix ($NFLX (-0.33%)), Novartis ($NVS (+0%)), Abbott ($ABT (+1.32%)), United Airlines ($UAL (-0.75%)) and Intuitive Surgical ($ISRG (-3.88%))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (-1.26%)), Travelers Cos. ($TRV (-0.65%)), Halliburton ($HAL (+0.02%)), Fifth Third Bancorp ($FITB (-1.05%)), Huntington Bancshares ($HBAN (-0.49%)) and Regions Financial ($RF (-1.35%))
• Statements from New York
  FED President
  John C. Williams and Atlanta Federal Reserve President Raphael Bostic

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+0.71%) ) and Tilray Brands ($TLRY (-3.83%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (-1.35%) ) and Applied Digital ($APLD (-5.33%) ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. WilliamsPresident of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+3.85%) ), Fastenal ($FAST (-3.45%) ) and CarMax ($KMX (-0.9%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (-1.88%) ), Wells Fargo ($WFC (-1.93%) ), BlackRock ($BLK ), Citigroup ($C (-2.48%) ), State Street ($STT (-2.14%) ) and Progressive ($PGR (-0.02%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (-0.84%) )🇸🇪, Beiersdorf AG ($BEI (+1.86%) )🇩🇪, Sika ($SIKA (+1.14%) )🇨🇭, Rio Tinto PLC ($RIO (-1.68%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (+0.35%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY )🇬🇧, Entain ($ENT (+0.58%) )🇬🇧, La Francaise ($FDJ (+2.3%) )🇫🇷, Legal & General ($LGEN (+0.45%) ), Tryg ($TRYG (+0.28%) )🇩🇰, BHP Group Ltd ($BHP (-2.41%) )🇬🇧, ASML Holding ($ASML (-4.98%) )🇳🇱Volvo B ($VOLV B (-0.34%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (+1.65%) )🇫🇷, Nokia Oyj ($NOKIA (-2.54%) )🇫🇮, Tele2 AB ($TEL2 B (+1.23%) )🇸🇪